Investing.com - Omnicom reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.68 on revenue of $3.57B. Analysts polled by Investing.com anticipated EPS of $1.57 on revenue of $3.48B.
Omnicom shares are down 66% from the beginning of the year, still down 26.36% from its 52 week high of $91.61 set on February 10. They are under-performing the Nasdaq which is down 25.13% from the start of the year.
Omnicom shares gained 4.68% in after-hours trade following the report.
Omnicom follows other major Communication Services sector earnings this month
Omnicom's report follows an earnings beat by Netflix on Tuesday, who reported EPS of $3.2 on revenue of $7.97B, compared to forecasts EPS of $2.96 on revenue of $8.03B.
America Movil ADR A had missed expectations on July 13 with second quarter EPS of $0.21 on revenue of $10.48B, compared to forecast for EPS of $0.4103 on revenue of $10.67B.
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